He might be right.
China can not impose another $100 billion in tariffs.
Why? Because we only exported $115 billion to them in 2016. They already announced tariffs on $50 billion. So there is only another $65 billion remaining.
(these are $2016 numbers, 2017 numbers could be higher, couldn’t locate them immediately)
Sure they can. Why couldn't they?
Why? Because we only exported $115 billion to them in 2016. They already announced tariffs on $50 billion. So there is only another $65 billion remaining.
Closer to $170 billion, according to the U.S. Trade Representatives website.
Thank you guys for the details. Appreciate it.
So far (Jan and Feb data--see official US Commerce Dept stats ) US imports from China are DOWN by 1.14%--on an annual basis.